Wells Fargo Maintains a Buy Rating on Expedia (EXPE)


In a report issued on February 19, Brian Fitzgerald from Wells Fargo maintained a Buy rating on Expedia (EXPE), with a price target of $180.00. The company’s shares closed last Wednesday at $162.69, close to its 52-week high of $166.57.

According to TipRanks.com, Fitzgerald is a top 25 analyst with an average return of 44.0% and a 81.3% success rate. Fitzgerald covers the Technology sector, focusing on stocks such as Uber Technologies, ANGI Homeservices, and LiveRamp Holdings.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Expedia with a $157.27 average price target, which is a -2.0% downside from current levels. In a report issued on February 11, Credit Suisse also maintained a Buy rating on the stock with a $168.00 price target.

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Expedia’s market cap is currently $22.97B and has a P/E ratio of -8.30. The company has a Price to Book ratio of -3.07.

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Expedia Group, Inc. is an online travel company, which engages in the provision of travel products and services to leisure and corporate travellers. It operates through the following business segments: Core Online Travel Agency(OTA), Trivago, Vrbo, and Egencia. The Core OTA segment offers full range of travel and advertising services to worldwide customers through a variety of brands including: Expedia.com and Hotels.com. The Trivago segment involves in sending referrals to online travel companies and travel service providers from its hotel metasearch websites. The Vrbo segment operates an online marketplace for the alternative accommodations industry. The Egencia segment manages travel services to corporate customers worldwide. The company was founded in 1994 and is headquartered in Seattle, WA.

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